posted May 20, 200420:28
Check this out, I just found it, up 25% today as gold fell $4.50. Could be interesting, however do your DD.

A Larger Ore Body than Orig, Soviet-era Data.Andas-Altyn geologists continued mine site exploration work during the year.

This enhanced our knowledge of the ore in the zones mined during the year, and contributed to the planning of which zones would be mined in 2004.

These results were registered with the Kazakh authorities responsible for monitoring mineral extraction.

Andas-Altyn continues to use the Soviet C1+C2+P1 classifications in identifying the resource of the properties to comply with the requirements of Kazakh subsoil legislation.

These categories approximate to the measured, indicated and inferred resource categories used in North America, as confirmed by the technical due diligence review carried out by Canadian consultants A.C.A. Howe in 1998.

Trenching, boreholes and sampling for assaying are used to ensure that the ore zones are being mined efficiently.

The ore zones mined to date continue to indicate a larger ore body than that indicated by the original Soviet-era data.,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

RESOURCES

The resource potential of the Central Mukur and Myalyproperties is considered to be very high.

The formerSoviet exploration programs located 51 zones of oxidegold mineralization on the Central Mukur property, and8 zones of oxide gold mineralization on the Myalyproperty.

The oxide gold mineralization on both projects occur in a moderately dippingseries of parallel thrust faults hosted by siltstones, sandstones and shales of the LowerCarboniferous Serpuchovsk formation.

For comparative purposes the Soviet C1 + C2 + P1 resource categories are comparable to the measured, indicated, and inferred resourceclassification used in the Western World.